Pharmacy Chain 36.6 sells 25% stake to SIA International

SIA International, a drugs distributor, has acquired a 25% in Russian drugstore retailer Pharmacy Chain 36.6 to cover part of the retailer’s debt, according to reports in the local business press. Pharmacy Chain 36.6 had owed SIA RUB3.2 billion (USD108 million). SIA owner Igor Rudinsky had previously said that the distributor was interested in settling the debt, not in entering the retail market.